Default occurred after section 10A of IBC can be basis for CIRP application u/s. 7

Srei Equipment Finance Limited Vs Coronation Infrastructure Private Limited (NCLT Delhi) NCLT Delhi held that the default occurred after Section 10A of Insolvency and Bankruptcy Code, 2016 [IBC], can very well be made a basis for an application under Section 7 of IBC, 2016. Accordingly, application for CIRP meeting requirement of the provisions of Sec. 7(3) & (5) of IBC is admitted. Facts- Vide the present application, the applicant has sought commencement of CIRP qua the Corporate Debtor. the case of the applicant set up in the application preferred under section 7 of Insolvency and Bankr...